Bottomed out on the flush. Started to rebound. Got above 20MA and longed for the BO. Climbed up a bit and started to pull back, so i scaled out a partial. Continued to pullback and i sold out before getting to purchase price....ARGHHHH... Of course just as i sell, it broke out and ran up almost .50 cents... Setting my stops is really something i need to come to terms with..
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-24 13:01:07 | NXPI | buy | $56.500 | long |
2014-03-24 13:18:41 | NXPI | sell | $56.650 | long |
2014-03-24 13:24:57 | NXPI | sell | $56.560 | 0 |
One of my difficulties is letting a trade run after i get in. I think alot of it is because i am not totally confident with my setups and fear of losing profits. When i hold i lose out, when i sell early i miss the play. Its crazy. I hope that confidence will come in time....!!!!
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In the market today I can see the first sell, but for the second I would wait for it to break EMA. Not only that but you had good price support right below 56.5.